1838.

LAWS OF MARYLAND.

CHAP. 267.

from time to time direct; which premium shall be the
common property of all the stockholders of said com-
pany, in proportion to the the capital stock owned by
them, respectively.

In case of subscrip-

tions remaining

unpaid.

Sec. 8. And be it enacted, That so much of the price
of each share subscribed, whether before or after the
company shall have been organised, as shall remain

member of the company, shall be afterwards paid by
the subscriber, his executors, administrators or assigns
in such instalments and at such times as the president

After 30 days pu-

lic notice.

and directors shall from time to time require, and if
any subscriber, his executors, administrators or as-
signs shall fail to make payment of any sum, so re-
quired of him, after thirty days notice of such requisi-
tion shall have been given in some newspaper published
in the neighbourhood, or by some other convenient

May be recovered
by suit.

mode of notification, it shall be lawful for the company
to recover the same, or such part thereof as shall not
have been paid, with lawful interest from the time
when due, and costs, before a single justice of the peace

jurisdiction of the same, where the defendant may be
found; or if he be not found in this State, then the

Attachment.

said company may recover the same, by attachment
against the property of the defendant, on three weeks
previous notice in some newspaper published in the
town, city or county contiguous thereto, within which
the cause of action may have originated, and the pro-
ceedings therein had, shall be the same as in other
cases of attachment, and the company shall more-
over have full power in such manner as their by-laws

May sell the stock
of delinquent.

may prescribe, to sell at public auction the stock of
such delinquent, to satisfy any judgement recovered
against him, or to satisfy the amount with interest due
from him in arrear as aforesaid, though no judgment

And transfer the

same.

may have been recovered, and to transfer upon their
books to the purchaser, his executors, administrators
or assigns, the stock so sold; and if the nett proceeds
of such sale, after defraying the costs and charges

Case of overplus.

thereof, shall be more than sufficient to satisfy what is
due from the delinquent, they shall pay over the bal-
ance to him or his order.